Vivek Bhatia wants to sell his scooter. Before him, there are two offers (i) at Rs. 12,000 cash and (ii) at a credit of Rs. 12,880 to be paid after 8 months, money being at 18% per annum which is better offer?

12,800
12,000
Both equal
Can't say

Correct Answer: 12,000

Explanation:

Given in the question ,
PW of Rs. 12,880 due 8 months hence = Rs. 11500; Clearly 12000 in cash is a better offer.

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